Internal and external control systems have long been established in municipalities and cities. Beyond this, modern administrative management, analogous to private sector corporate management, requires an adapted and adequate risk management approach.
Managing risks is among the core responsibilities of a board of directors or managing director, as well as of the heads and those bearing responsibility within a public administrative institution.
Due to the monopoly position of public administration, awareness of the risks undertaken is often lacking. In practice, the risks associated with a decision are only partially captured and assessed systematically.
Risk management is about deciding whether the return justifies the impending danger.
The objectives of the Specialist Area Risk Management for Municipalities & Cities are:
- Creating a unified risk awareness
- Standardising risk identification in municipal administration
- Qualifying and quantifying the risks of a public administration
- Implementing risk management into business processes
Possible topics addressed within this specialist area:
- Risks of an outsourced company
- Risks in sovereign administration
- Risks in the private sector activities of a municipality
- Introduction of risk management systems in public administration
- Digitalisation of RM processes
